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BEIJING, July 14 (Xinhua) -- China publicized regulations on natural disaster relief on Wednesday.The regulations, which make clear the responsibility of governments in disaster relief work, will take effect Sept. 1, 2010.According to the regulations, leaders of governments at all levels will be held accountable for relief work, and the nationwide relief work is to be commanded by the national disaster reduction authority.The regulations also stipulates that governments above county level are responsible for mapping out emergency response plans, providing transportation and communication facilities to disaster relief work, designating emergency shelters and training disaster relief teams.Further, the Legislative Affairs Office of the State Council issued a statement Wednesday, further clarifying the regulations.The statement notes that China is a natural disaster prone country. Over the past two decades, natural disasters have killed 4,300 people each year.The central government has allocated over 5 billion yuan (737 million US dollars) of annual relief fund during the past five years.The statement goes on to say that disaster relief work is still plagued by several problems, such as slack supervision over donations and other concerns.To address this problem, the regulations stipulate that donations could only be used in relief work. Governments at all levels, including grass-roots communities, should make public all information about donors, amounts of donations, and its specific usage.The regulations also stipulates that governments at all levels must devise a supervisory system dealing with complaints and whistle blowers, to prevent abuse of disaster relief donations and materials.

BEIJING, June 11 (Xinhua) -- Economic data for May released Friday showed that China was eyeing rising inflation and slowing economic growth, indicative of what the "the most complicated year" meant for the country's economy.Experts said the mixed bag of economic data would make it difficult for China's policymakers in the coming months.China's consumer price index (CPI), a main gauge of inflation, rose in May to 3.1 percent, the highest since November 2008, according to figures released by the National Bureau of Statistics (NBS) Friday.The NBS also reported that growth of industrial value-added output slowed to 16.5 percent in May from 17.8 percent in April.Urban fixed assets investment for the first five months rose 25.9 percent year on year, 0.2 percentage points down from the first four months.INFLATION QUICKENSThe 3.1 percent CPI growth was up 0.3 percentage points from April's rise of 2.8 percent. In the first five months, China's CPI rose 2.5 percent year on year.The May figure exceeded the government's year-average target of 3 percent set in March.The producer price index (PPI), a major measure of inflation at the wholesale level, rose 7.1 percent year on year in May, up 0.3 percentage points from April's 6.8 percent.In May, the CPI in China's urban areas increased 2.9 percent and in rural regions by 3.3 percent. Food prices, which accounted for about a third of the weighting in calculating the CPI, rose 6.1 percent.

SINGAPORE, June 29 (Xinhua) -- China's Yellow River Conservancy Commission (YRCC) received the Lee Kuan Yew Water Prize for its outstanding accomplishments in integrated river basin management on Tuesday evening.The Lee Kuan Yew Water Prize is the highlight of the Singapore International Water Week, which is held here from June 28 to July 2. With its success in transforming China's second-longest river, the YRCC outshone 49 other nominees to become the third recipient of the Lee Kuan Yew Water Prize.Accepting the award on behalf of the YRCC, Li Guoying, Commissioner of the YRCC said, "The YRCC is deeply honored to receive the Lee Kuan Yew Water Prize for our efforts in revitalizing the Yellow River. We recognize that more can be done to enhance the ecosystem along a river that plays a vital role in China's economic development and holds an important position in the hearts of its people. This endorsement reaffirms our long-term commitment to nurturing and improving the quality of life along the river through sustainable river management strategies."The YRCC was empowered by the Chinese central government in 1999 to manage and integrate water allocation in the entire Yellow River. YRCC's innovative policies and solutions have brought about widespread and sustainable social, economic and environmental benefits. In just 10 years, the remarkable transformation of China 's second longest river by YRCC has secured water supply for over 100 million people, restored extensive areas of wetlands and biodiversity and protected some 90 million people living in the flood-prone areas of the Yellow River from devastating floods.

BEIJING, Aug. 18 (Xinhua) -- China on Wednesday denied claims in a U.S. government report, saying it exaggerated China's military strength."We firmly oppose this report," Chinese Foreign Ministry spokeswoman Jiang Yu said in a press release when asked to comment on the annual report by the U.S. Defense Department.She said the report exaggerated China's military strength, and unfairly blamed China for some problems that exist in the bilateral military relationship."China unswervingly sticks to a path of peaceful development and pursues a national defense policy which is defensive in nature," Jiang said, noting that China is devoted to safeguarding peace and stability in the Asia-Pacific region and the world at large."We urge the U.S side to respect this fact," she said.Jiang also urged the United States to stop issuing such reports on China's military, and work towards improving relations between the two militaries and the two nations, instead of working against China.

BEIJING, June 23 (Xinhua) -- Chinese banks should set up an independent risk management system in line with its strategic expansion plan as part of efforts to ward off financial risks, China's banking regulator said Wednesday.The breakout of the global financial crisis highlighted the necessity of increasing management of differentiated sovereign risks, the China Banking Regulatory Commission said in a guideline published on its website.Just as Chinese banks were expanding throughout the world, the overseas risks they were facing were on the rise, the guideline noted.Sovereign risks refer to ones that banks are exposed to when overseas borrowers or debtors are unable to repay debt because of their countries' economic, political and social changes.Chinese lenders were required to differentiate risks according to the countries involved and make policies on the minimum potential loan loss provisions ranging from 0.5 percent to 50 percent, according to the guideline.The banks must meet the requirements under the guideline by June 1, 2011.

来源：资阳报